Amazon.com will buy the former Lord & Taylor flagship building in midtown Manhattan to serve at its New York headquarters, the New York Post reported. The 11-story Fifth Avenue building will house several thousand employees in the coming years, the Post said, citing a source close to the situation. Amazon will pay $750 million in construction loans taken out for WeWork's renovation of the space, the Post said, while the remainder consists of more than $350 million in equity for the building's current owners. Read More...
Amazon.com will buy the former Lord & Taylor flagship building in midtown Manhattan to serve at its New York headquarters, the New York Post reported. The 11-story Fifth Avenue building will house several thousand employees in the coming years, the Post said, citing a source close to the situation. Amazon will pay $750 million in construction loans taken out for WeWork’s renovation of the space, the Post said, while the remainder consists of more than $350 million in equity for the building’s current owners.
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